Agreement signedPublished 5 Dec 2025

Netflix /
Retained Business

Netflix merger agreement covers WBD’s Retained Business

Buy side: Netflix
Buy sideNetflix
Target: Retained Business
TargetRetained Business
Warner Bros. Discovery, Inc. · 5 Dec 2025Source
Buy side: Netflix
Buy sideNetflix
Target: Retained Business
TargetRetained Business
01 / BuyerNetflix
02 / TargetRetained Business
Source for the buyer and target: Warner Bros. Discovery, Inc.

For the buyer and target.

“The Merger Agreement contains customary representations and warranties of both WBD (relating to the Retained Business) on the one hand, and Netflix and Merger Sub, on the other hand, in each case generally subject to materiality qualifiers.”

Published 5 Dec 2025

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01

What happened

Warner Bros. Discovery, Inc. and Netflix are parties to a Merger Agreement concerning the Retained Business. The filing describes customary pre-closing covenants and termination rights. [01]

Terms weren't disclosed. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · Warner Bros. Discovery, Inc.

Netflix merger agreement covers WBD’s Retained Business

This document is the source for the companies, stage and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by Warner Bros. Discovery, Inc.

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